The Latin America Smart Metering Market size is valued at around USD 10.88 million units in 2024 and is projected to grow at a CAGR of around 8.16% during the forecast period, i.e., 2023-28.
Key Findings of the Study: Latin America Smart Metering Market
Latin America Smart Metering Market Growth Opportunity: Upsurge in the Development of Reliable Energy Infrastructure in Remote Areas
The development of reliable energy infrastructure in remote areas aims to bridge the energy access gap, ensuring the most distant communities have access to electricity in the coming years. As, smart metering systems play a key role in monitoring energy consumption and enabling equitable and accurate billing for these consumers. In addition, Latin America is one of the most diversified region in the world in terms of its topography containing a huge range of mountains, forests, rivers, etc.
These characteristics of the region create geographical barriers such as rugged terrain, and isolated locations in setting up transmission lines for the extension of grid connections in remote areas. Thus, the government has been fulfilling the electricity demand of remote communities in countries such as Chile, Columbia, etc. by establishing microgrids systems, which further provides a flourishing opportunity for the major companies that are providing smart metering system across Latin America region during 2023-2028.
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Scope of the Report and Latin America Smart Metering Market Segmentation
By Type of Meter
-Smart Electric Meters
-Smart Gas Meters
-Smart Water Meters
- Among the types of smart meters, smart electric meters hold a significant share in the market mainly due to their higher applicability across several areas including commercial, industrial, and residential sectors.
By Technology
-Automatic Meter Reading (AMR)
-Advanced Metering Infrastructure (AMI)
By Component
-Hardware
-Software
By Communication
-Radio Frequency
-Power Line Communication
-Cellular Network
By Analytical Tools
-Load Forecasting Analysis
-Preventive Analysis
-Predictive Analysis
-Others (Tamper Analysis, Diagnostic Analysis, etc.)
By Data Storage
-Cloud
-On-Premise
By End User
-Residential
-Commercial
-Industrial
Top leading companies in the Latin America Smart Metering Market includes:
Kamstrup Spain SL, Sensus [Eylem Brand], Honeywell Inc., General Electric Company, Itron, Landis+Gyr, Aclara Technologies, Siemens AG, Schneider Electric SE, Holley Technology Ltd., Others
For more detailed information about the Latin America Smart Metering market report, click here – https://www.marknteladvisors.com/research-library/latin-america-smart-metering-market.html
Geographical analysis:
Mexico
Brazil
Argentina
Chile
Columbia
Peru
Rest of Latin America
- The Smart Metering Market in Mexico is poised for significant growth during the historical years.
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